<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 1,251,621 <SECURITIES> 0 <RECEIVABLES> 2,777,744 <ALLOWANCES> (326,059) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 202,433,100 <DEPRECIATION> (100,966,220) <TOTAL-ASSETS> 124,008,300 <CURRENT-LIABILITIES> 3,384,223 <BONDS> 139,853,255 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (11,713,854) <TOTAL-LIABILITY-AND-EQUITY> 124,008,300 <SALES> 0 <TOTAL-REVENUES> 23,545,320 <CGS> 0 <TOTAL-COSTS> 23,637,241 <OTHER-EXPENSES> (72,138,477) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,161,193 <INCOME-PRETAX> 52,036,003 <INCOME-TAX> 0 <INCOME-CONTINUING> 52,036,003 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 52,036,003 <EPS-PRIMARY> 219.25 <EPS-DILUTED> 219.25